Top Performing Cryptocurrencies Today on DEX Screener – LICK, SPACEX, PEPES

Following a volatile day in the blue-chip crypto markets on March 12, where Bitcoin (BTC) surged to new all-time highs above $73,000 before experiencing a sharp drop to the $68,000 range, the markets are now showing signs of stabilization. Traders are turning their attention to on-chain shitcoin markets in search of top crypto gainers for the day.

Profit-taking and long-liquidations triggered a rapid decline in BTC prices after reaching fresh ATHs above $73,000. However, Bitcoin has since made a strong recovery, approaching the $72,000 mark and maintaining a 13% increase over the past seven days, according to CoinMarketCap data.

Notably, Bitcoin has witnessed a remarkable 47% surge in value over the past 30 days, largely driven by a surge in demand for ETFs. The bullish sentiment prevails in the market, with a possibility of the cryptocurrency challenging the $100,000 milestone in the near future. The anticipation surrounding the upcoming halving in April, which will reduce BTC’s inflation rate, is expected to further fuel this momentum.

With the potential for substantial gains of around 40% from current levels, Bitcoin stands out as a lucrative investment option for short-term returns. However, some investors with a high risk tolerance are seeking even greater returns, with opportunities for 10-20x gains available in certain segments of the altcoin market.

In particular, on-chain shitcoin markets present the potential for significant returns, with newly launched coins capable of multiplying in value by 10 or even 100 times within a single day. These markets, based on smart-contract-enabled tokens built on blockchains like Ethereum and Solana, are characterized by high volatility and low liquidity. While the allure of quick profits is enticing, it is essential for traders to exercise caution due to the prevalence of scams and pump-and-dump schemes in these markets.

Here are some of the top crypto gainers today on DEXTools:

1. Animax AI ($ANAI)
– A newly launched “AI” use case shitcoin, Animax AI ($ANAI), surged by an impressive 6,000% on Tuesday, as reported by DEXTools. Despite its market cap exceeding $900,000 and having 115 holders, concerns about its legitimacy persist. While the token boasts $250,000 in locked liquidity to mitigate rug pull risks, a smart contract audit by Honeypot.io suggests potential scam activity.

2. HubAI ($HUBAI)
– Another recently launched “AI” shitcoin, HubAI ($HUBAI), recorded a substantial 2,800% increase in the past 24 hours on DEXTools. With a market cap around $600,000 and locked liquidity of approximately $220,000, the token’s authenticity is under scrutiny by smart contract auditors. Investors are advised to conduct thorough due diligence before considering investment.

3. Pigeon Park ($PGENZ)
– A P2E gaming token named Pigeon Park ($PGENZ) has seen a significant surge, rising by 550% in the past 24 hours based on DEXTools data. With a market cap of $2.27 million and locked liquidity of around $1.2 million, this token presents an intriguing opportunity for investors interested in the gaming sector.

For those seeking alternatives to high-risk shitcoins, exploring more established meme coins that have yet to experience significant price surges could be a more prudent strategy. One such example is Smog (SMOG), a dragon-themed Solana coin that has seen a nearly 6x increase in price since late February, reaching a market cap of $170 million on DEXTools.

SMOG distinguishes itself by offering what it claims to be Solana’s greatest airdrop of all time. With the potential for substantial gains, SMOG has garnered a strong community of nearly 100,000 holders. Given the recent enthusiasm surrounding Solana airdrops, SMOG is poised to attract considerable interest in the upcoming weeks, potentially delivering returns of at least 10x for investors.

Traders interested in SMOG can benefit from a 10% discount when purchasing directly through the project’s website. Additionally, staking the tokens offers a 42% APY, providing an opportunity for passive income generation.

Please note that investing in cryptocurrencies carries inherent risks, and it is essential to conduct thorough research and exercise caution when participating in volatile markets. This article is for informational purposes only and should not be construed as investment advice. Potential losses are possible, and investors should be aware of the high-risk nature of crypto assets.